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Selling

Selling a home in NSW

1. A sale contract must be prepared before you can advertise your residential property. To start the preparation for your sale contract with lawlab simply do one of the following:
   • Complete our easy online client interview. Just click Start now.
   • Ask your real estate agent for their assistance.
   • Call us toll free on 1800 LAWLAB (1800 529 522) for one our trained friendly client managers to get your details.
2. We order all property documents required by NSW law to be included in your contract for sale for you. These documents include the Council certificate, the title search, the plan of your property and the sewerage/drainage diagram.
3. Your sale contract should be ready in less than a fortnight. It will be available for you to market your property immediately on confirmation of payment of our costs. For payment methods please go to our payments page or give us a call. If time is critical and you have a buyer waiting to view your sale contract, simply pay our tax invoice with your credit card online and the contract will be available to you within minutes. You may not find a buyer straight away so we only bill you for the work necessary for you to start advertising your home or for you to list your property with an agent.
4. Once your sale contract is complete and you have paid for it, you are ready to market your property privately or with the help of a real estate agent. Good luck!
5. Once you have found a buyer for your home we will complete the conveyancing sale process for you. We call this job “sale” as that’s what we’re doing for you, securing the sale of you home using our smart streamlined and convenient process.
6. If lawlab has prepared your sale contract just contact us when you have found a buyer for your home. We need to know their full name/s, address and contact numbers, together with details of their solicitor/conveyancer. We also need to know how much you agreed to sell your home for. If you are using a real estate agent they will generally do this for you.
7. If you have a sale contract prepared by another solicitor or a conveyancer we can still complete your sale. Just use our online instructions form or call us toll free on 1800 LAWLAB (1800 529 522) for one our trained friendly client managers to obtain your details.
8. Once we have the necessary details we insert additional details in the sale contract and send the buyer’s copy of the sale contract to the buyer’s solicitor/conveyancer. Any property inspections, searches and negotiations will usually need to be done before the buyer approves and signs the contract.
9. The buyer pays the deposit and their solicitor/conveyancer sends us the buyer’s signed contract. You sign the original and we are ready to exchange and date the copies of the sale contract.
10. Unless the buyer has given up their cooling-off rights, they have until 5.00pm on the fifth business day following the date of the contract within which to pull out, losing only 0.25% of the purchase price.
11. After exchange, we contact the bank that lent you money to buy your home (if applicable) to ask them to prepare a Discharge of Mortgage. They will calculate how much they need on settlement in order to pay off the mortgage, the rest will be yours. If you don’t have a mortgage, we need the Title Deed from you. In the meantime the buyer’s solicitor/conveyancer will prepare for settlement.
12. Just before settlement, once your lender is ready, we need you to double check and sign the settlement figures so that you know how much you are getting and how much you are paying for things like rates/water usage and our fees.
13. To keep it simple any legal fees will be paid at settlement from the funds being provided by the buyer. We will of course ask for your approval beforehand.
14. You need to make sure your home is empty at least by the day prior to settlement, unless you have a tenant and the buyer is an investor. The keys need to be handed to your real estate agent or this office.
15. We need your forwarding address if you are moving house.
16. That’s it! Next call we make is to say that your property has settled! Congratulations!